Bisignani: MENA carriers face 'serious' challenges

IATA DG and CEO Giovanni Bisignani warned Middle East and North African carriers that they are not immune to the current industry crisis and urged them to focus on efficiency and expanding commercial freedoms.
Speaking at the Arab Air Carriers Org. annual general meeting in Tunis, he said the Middle East/North Africa region's projected $200 million profit this year (down from $300 million in 2007) will be generated by "only a handful of carriers, while most bleed red ink." He cautioned MENA ...